ASIABUMI PETROLEO We are the first private Indonesian Oil & Gas Exploration
and Production (EP) company. Asiabumi Petroleo motto ‘Finding Oil’ defines the core
activity we specialize in. Through our Exploration & Production department, we are
focused in finding oil to deliver strong and sustainable financial returns for our shareholder.

PROGRAMME

There are 5 wells in the Producing Field within the PSC at production stage, with significant upside potential to increase production.
Company has entered into a long term off-take agreement with a state-owned oil and gas corporation for all the produced oil. Promising
prospects of additional oil discoveries through exploration activities in the PSC within the vicinity of the producing oil field and the
neighbouring Minas and Duri Fields where there are proven oil reserves.